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Stan and Karen Salbeck have been trapped in a foreclosure nightmare since 2007. "We're up to 31 months without making a payment on this house," Karen Salbeck said.
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WASHINGTON -- Activist or cautious regulator? Either way, Federal Reserve Chairman Ben Bernanke appears to be willing to go much further than his predecessor, Alan Greenspan, in cracking down on shady home-lending practices.
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The valley's housing woes have triggered an employment collapse in some industries closely tied to the market, resulting in a string of cutbacks at companies that flourished during the boom years.
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While many real estate professionals bemoan slow sales, and many homeowners fret over foreclosure, there's another side to the real estate downturn: Some buyers are taking advantage of falling prices, and some sellers are cashing in.
